Office Building in Lisbon for Sale, Freehold
Property type: office building
Purchase of established rental business
Tenure: freehold
Location: Lisbon, Portugal
• property is located in Lisbon, close to city centre
Building size: over 8,000 m2
Car parking facilities: parking lot
Tenants: 2 international companies + medical clinic
Occupancy: 96%
Lease Agreements: 3, 5, 10-year agreements
Possibility of renewal: YES
Rent Review: YES
Purchase price: 28,500,000 euro
(+ closing costs)
Rental Income: 1,427,000 euro per annum
(+ indexation linked to inflation)
Yield: 5.0%
Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial spaces.
